Manageable

What Salary Do You Need to Live in Morristown?

To afford a 2-bedroom in Morristown, you need to earn at least $40,520/year based on estimated fair market rent data. The median household income here is $48,125, which means the typical resident is $7,605 above the threshold.

Census ACS Data Pop. 277

Salary Required by Bedroom Size

Bedroom	Monthly Rent	Monthly Income	Annual Salary	vs. Median
Studio	$709	$2,363	$28,360	$-19,765
1 Bedroom	$841	$2,803	$33,640	$-14,485
2 Bedroom BENCHMARK	$1,013	$3,377	$40,520	$-7,605
3 Bedroom	$1,236	$4,120	$49,440	+$1,315
4 Bedroom	$1,520	$5,067	$60,800	+$12,675

Affordability Breakdown

Where the required salary line crosses above Morristown's median income — housing becomes unaffordable for the typical resident.

Required Salary Median Income

Income vs. Rent Snapshot

Median Income

$48,125

Annual household

2BR Required Salary

$40,520

Under 30% rule

Income Gap

+$7,605

Surplus

Verdict

Manageable

Ratio: 25.3%

The 30% Rule Calculator

Enter your annual salary to see what you can afford in Morristown

Your Annual Salary

Pre-filled with Morristown's median household income

Max monthly rent you can afford$1,203

Studio

$709/mo

1 BR

$841/mo

2 BR

$1,013/mo

3 BR

$1,236/mo

4 BR

$1,520/mo

Your salary is $0 above the median income in Morristown.

Salary Comparison by Bedroom

Bars left of the marker line are affordable for Morristown's median earner. Bars to the right require above-median income.

Affordable Above Median Median Income

What This Means If You're Moving to Morristown

Renting in Morristown, Ohio is doable for median earners, but tight. A 2-bedroom requires roughly $40,520/year under the 30% rule, and with a median income of $48,125, residents are operating close to the threshold.

Downsizing to a 1-bedroom ($841/month) or studio ($709/month) materially improves the math. For those needing more space, a 3-bedroom in Morristown pushes the required income to $49,440.

For comfortable living in Morristown without financial stress, target a household income of at least $60,780 — this accounts for rent being approximately 30% of take-home pay while leaving adequate room for Ohio's cost of living.

Economic Outlook

Local Job Market & Housing Dynamics

Affording rent isn't just about housing prices—it's heavily dependent on local employment opportunities and the strength of the job market in Morristown, Ohio.

With a total population of 277, the city supports an active civilian workforce of 107 people. A strong employment base often indicates a stable economy, which is crucial when committing to a lease requiring a $40,520 annual salary. The ratio of employed residents to the total population provides insight into the local economic health and competition for both jobs and housing.

Employed Workforce

107

Active civilian employees in Morristown

Frequently Asked Questions About Renting in Morristown

What salary do I need to live in Morristown, Ohio?

To afford a 2-bedroom in Morristown under the 30% rule, you need an annual salary of at least $40,520. The median household income in Morristown is $48,125.

Can I afford a 2-bedroom in Morristown on $48,125?

The affordability verdict for Morristown is "Manageable". The rent-to-income ratio is 25.3%, meaning median earners have a $7,605 surplus.

What is the average rent in Morristown compared to median income?

The median gross rent in Morristown is $841/month. With a median household income of $48,125, residents spend approximately 25.3% of their income on rent.

What salary do I need for a studio in Morristown?

A studio in Morristown rents for approximately $709/month. Under the 30% rule, you need an annual salary of $28,360 to afford this.

Is Morristown considered an affordable place to live?

Based on the surplus of $7,605 and an affordability verdict of "Manageable", Morristown is considered a manageable rental market when comparing the required 2-bedroom salary of $40,520 to the local median household income.

How Morristown Compares

Other cities in Ohio with salary requirements